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First step for first new Greenstone site

04/05/2010 - General News

Jonathan Hill

Greenstone Energy, the New Zealand-owned company which now owns and operates the retail and distribution assets formerly owned by Shell New Zealand, has confirmed it will build a new retail service station near Tauranga.

Greenstone’s General Manager of Retail, Mark Forsyth, said the new service centre will trade under the existing Shell brand and will sell quality Shell fuels, but, as with any Shell-branded retail business, the returns from the business will now stay here in New Zealand and benefit Kiwis.

Mark Forsyth said he believed there was competition from other fuel retailers for the site, but that strong support from the Greenstone Board and the flexibility to make rapid decisions in New Zealand rather than seeking offshore approval had contributed to the Greenstone success.

Greenstone Energy is jointly owned by Infratil and the New Zealand Superannuation Fund and owns and operates the New Zealand-owned national network of service stations. 

Mark Forsyth said this week Greenstone had signed the lease for the new site which will be built on State Highway Two, north of Tauranga in Bethlehem.

“The area is one of the fastest growing population centres in the country and this development will provide world-class fuels and retail convenience services to travellers in the area as well as to locals.

“We expect to begin construction in June and have the site complete and trading by October. The site will be operated by Greenstone’s local retailers, Dave and Lynette Gillies.”

Greenstone holds resource consents for the site. The new service station will create around a dozen local jobs and will involve around 70 local jobs during construction.

Mark Forsyth said the new service centre would be the first Greenstone development, representing a multi million investment in the local and New Zealand economies. 

“This will be a fantastic asset for the region and we’re delighted to have the opportunity to kick off what will be the first of a number of strategic investments in New Zealand’s energy future,” he said.